Bloomberg Misery Index: Venezuela, Argentina and Colombia Among Worst-Ranked Countries

Bloomberg’s Misery Index, which tallies inflation and unemployment outlooks for 60 economies shows that almost all of the economies surveyed are projected to be more miserable this year amid Covid-19.

RIO DE JANEIRO, BRAZIL - Venezuela, Argentina, South Africa, Turkey and Colombia held on to their unenviable rankings from 2019 as the world’s most miserable economies, with Venezuela keeping status as the world’s worse for a sixth straight year. The troubled South American country continues to suffer from soaring prices, with Bloomberg’s Cafe Con Leche Index estimating a current inflation rate of 4,043%.

Thailand claimed the title of the “least miserable” economy, though the government’s unique way of tallying unemployment makes it less noteworthy than Taiwan’s two-spot improvement to No. 6 or Singapore’s . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?